Question:

What lump sum must be invested at 7 compounded monthly for

Last updated: 9/25/2023

What lump sum must be invested at 7 compounded monthly for

What lump sum must be invested at 7 compounded monthly for the investment to grow to 74 000 in 14 years The lump sum invested at 7 compounded monthly grows to 74 000 in 14 years Do not round until the final answer Then round to the nearest cent as needed